Bitcoin fell below US$30,500 due to the potential sale of Bitcoin seized from a Silk Road theft by the US government. Other top 10 non-stablecoin cryptocurrencies also experienced losses, with Matic being the biggest loser.
Despite US inflation slowing in June, analysts still expect another interest rate hike in July. The DOJ moved over 9,800 Bitcoin worth around $300 million to unused addresses, which likely added further pressure on the token. The total crypto market capitalization fell 0.71% in the past 24 hours to US$1.18 trillion.
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